Tesla says shareholders approve Musk's $1 trillion pay plan with over 75% voting in favor
Tesla shareholders approved CEO Elon Musk's historic pay package at the company's annual shareholders meeting in Austin, Texas.
Last updated: 2025-11-07 00:38:03 ET
Tesla shareholders approved CEO Elon Musk's historic pay package at the company's annual shareholders meeting in Austin, Texas.
Shareholders approve Elon Musk's $1 trillion pay package, plus US stocks close in the red
The unprecedented payday will go into full effect by 2035—as long as Tesla hits ambitious financial and production targets.
The vote comes after a top shareholder, Norway's sovereign wealth fund, said it would vote against the pay package.
Tesla shareholders approved an epic $1 trillion pay package for Elon Musk on Thursday – after the mercurial boss threatened to leave the company if ...
The proposal received more than 75% approval. Musk can earn the $1 trillion in shares over the next 10 years if Tesla hits a number of milestones.
Tesla shareholders approve Elon Musk’s $1 trillion pay package